XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2
EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 26, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7. EARNINGS (LOSS) PER SHARE

The following table represents the calculation of earnings (loss) per common share – basic and diluted:

 

 

 

Second Quarter

 

 

First Half

 

(In millions, except per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(88

)

 

$

(439

)

 

$

(35

)

 

$

(394

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

54

 

 

 

53

 

 

 

54

 

 

 

53

 

Basic loss per share

 

$

(1.62

)

 

$

(8.34

)

 

$

(0.65

)

 

$

(7.46

)

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(88

)

 

$

(439

)

 

$

(35

)

 

$

(394

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

54

 

 

 

53

 

 

 

54

 

 

 

53

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Diluted weighted-average shares outstanding

 

 

54

 

 

 

54

 

 

 

54

 

 

 

54

 

Diluted loss per share

 

$

(1.62

)

 

$

(8.19

)

 

$

(0.65

)

 

$

(7.31

)

 

Awards of stock options and nonvested shares representing additional shares of outstanding common stock were 2 million in both the second quarter and first half of 2021, and less than 1 million in both the second quarter and first half of 2020, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.